Freight Payments
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News
U.S. Bank reports declining freight payments in 1Q; Southeast shipments soar
Declines in trucking shipments and spend, current and future, highlight the takeaways from U.S. Bank’s first-quarter Freight Payment Index report.
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News
Payment provider Cass sees COVID-related dip in Q1 invoices
Transportation invoice volumes fall 7.5% for payment services provider Cass Information Systems.
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News
Cass reports record 2019 despite fourth-quarter decline in transportation invoices
Cass Information Systems reports a 6% year-over-year decline in transportation invoices but manages to post another full-year earnings record.
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News
US Bank sees freight payments dip in fourth quarter
US Bank reports declines in freight payment transactions during the fourth quarter. The report signals an improvement on the horizon as truck capacity declines.
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Company earnings
Triumph beats earnings estimates, quintuples carrier payments business (with video)
Asset quality mostly improved but net interest margin compressed by 62 bps.
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News
Broker efficiency starts in the back office
As more signs in the truck freight market point to decreasing demand and excess capacity, brokers are looking for better ways to increase the efficiency…
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News
Breaking the lock on carrier payments
TriumphPay is shifting the power over invoice control back into the hands of carriers.
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Intermodal
FreightRover shakes up leadership team after Celadon indictment
CEO Eric Meek and COO Danny Williams — who pleaded guilty to securities fraud last week — are no longer with the freight payments company.
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Economics
Trustee requested to oversee IPS Worldwide’s operations
A U.S. trustee has asked the U.S. Bankruptcy Court to appoint a Chapter 11 trustee to oversee the operations of IPS Worldwide.
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